This article explores three international stocks, available as American Depositary Receipts (ADRs), presenting potential growth opportunities for investors. Despite the US stock market boasting a high P/E ratio of 25.21, other markets offer promising valuations. A lower P/E may indicate that a company is fairly priced due to its potential for growth. The article examines these stocks and their individual factors: Toyota Motor Corporation (TM), Ambev S.A., and NXP Semiconductors N.V., while considering the impact of economic conditions and political uncertainty. 2024 could bring a significant shift in the global landscape, particularly in areas like defense and aerospace due to EU investments in military modernization.